Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.17% |
| 2 | Healthcare | 12.72% |
| 3 | Technology | 12.27% |
| 4 | Industrials | 11.44% |
| 5 | Consumer Discretionary | 11.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ASRT
1576
DELISTED
Assertio
ASRT
| $7.02M | 0.01% |
17,765
-13,979
| -44% | -$6.12M |
|
|
CAI
1577
DELISTED
CAI International, Inc.
CAI
| $7.01M | 0.01% |
329,935
-127,213
| -28% | -$3.16M |
|
1578
Corvus Pharmaceuticals
CRVS
$1.22B
| $6.98M | 0.01% |
605,303
+546,286
| +926% | +$5.17M |
|
|
RRD
1579
DELISTED
RR Donnelley & Sons Co.
RRD
| $6.98M | 0.01% |
799,078
+588,656
| +280% | +$4.87M |
|
1580
Performance Food Group
PFGC
$16.5B
| $6.96M | 0.01% |
233,059
-1,122,133
| -83% | -$36M |
|
1581
CRA International
CRAI
$1.08B
| $6.96M | 0.01% |
133,017
-24,147
| -15% | -$1.17M |
|
1582
CALL
International Paper
IP
$21.7B
| $6.95M | 0.01% |
+137,280
| New | +$7.63M |
|
1583
NMI Holdings
NMIH
$3.41B
| $6.95M | 0.01% |
419,719
+308,530
| +277% | +$5.75M |
|
|
LFIN
1584
DELISTED
LongFin Corp Class A Common Stock
LFIN
| $6.92M | 0.01% |
400,752
+323,329
| +418% | +$13.6M |
|
|
PFC
1585
DELISTED
Premier Financial Corp. Common Stock
PFC
| $6.92M | 0.01% |
241,260
-20,180
| -8% | -$555K |
|
1586
EnerSys
ENS
$7.01B
| $6.91M | 0.01% |
99,580
+70,681
| +245% | +$5.03M |
|
1587
Opko Health
OPK
$1.11B
| $6.91M | 0.01% |
2,178,877
+1,565,216
| +255% | +$6.3M |
|
1588
Regenxbio
RGNX
$588M
| $6.89M | 0.01% |
230,837
+134,479
| +140% | +$3.91M |
|
|
MSFG
1589
DELISTED
MainSource Financial Group Inc
MSFG
| $6.89M | 0.01% |
+169,418
| New | +$6.6M |
|
1590
Telefônica Brasil
VIV
$18.6B
| $6.84M | 0.01% |
445,115
-1,841,169
| -81% | -$29.2M |
|
|
BRSP
1591
BrightSpire Capital
BRSP
$616M
| $6.83M | 0.01% |
+360,635
| New | +$7.08M |
|
1592
Stoneridge
SRI
$205M
| $6.81M | 0.01% |
246,708
+118,463
| +92% | +$2.89M |
|
1593
CALL
FirstEnergy
FE
$27B
| $6.8M | 0.01% |
+200,000
| New | +$6.42M |
|
|
TAHO
1594
DELISTED
Tahoe Resources Inc
TAHO
| $6.8M | 0.01% |
+1,449,290
| New | +$6.61M |
|
|
FITB
1595
Fifth Third Bancorp
FITB
$49.8B
| $6.79M | 0.01% |
213,935
-1,470,694
| -87% | -$48M |
|
|
WBT
1596
DELISTED
Welbilt, Inc.
WBT
| $6.79M | 0.01% |
348,972
+53,209
| +18% | +$1.14M |
|
|
FOE
1597
DELISTED
Ferro Corporation
FOE
| $6.78M | 0.01% |
292,134
-80,940
| -22% | -$1.88M |
|
1598
Graco
GGG
$12.7B
| $6.78M | 0.01% |
148,232
-351,253
| -70% | -$16M |
|
1599
Hercules Capital
HTGC
$3.29B
| $6.76M | 0.01% |
558,992
-296,047
| -35% | -$3.71M |
|
1600
PUT
Citigroup
C
$224B
| $6.75M | 0.01% |
+100,000
| New | +$7.52M |
|
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Israel Englander's Q1 2018 Portfolio in Review
As of Q1 2018, Israel Englander held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Israel Englander deployed $3.29B of net new capital in Q1 2018, opening 664 new positions and adding to 1,466 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Israel Englander's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Israel Englander added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Israel Englander's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Israel Englander fully exited Equinix in Q1 2018, selling an estimated $152M.
- Israel Englander's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Israel Englander opened 664 new positions and closed 833 in Q1 2018.
- Israel Englander's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.